KuCoin Futures Lite New User Guide

KuCoin Futures Lite New User Guide

01/03/2020, 07:33:55

KuCoin Futures Lite is a simplified version of the current KuCoin Futures platform and aims to improve the contract trading experience and minimize the complexity over the trading process to make contract trading easier and smoother.

Trading Market: USDT-Margined Contracts and BTC-Margined Contracts

The USDT-Margined contract takes USDT as margin to exchange bitcoin or other popular contracts; while for BTC-Margined contract, it takes BTC as margin to exchange bitcoin contracts.

TypeMarginPnl & Settlement CoinMax LeverageSupported ContractsPrice Fluctuation
USDT-MarginedUSDTUSDT100x

Bitcoin ContractStable, will not be influenced by USDT price fluctuation
BTC-MarginedBTCBTC100x

Bitcoin ContractWill be influenced by BTC price fluctuation

You can freely switch between the USDT-margined contract and BTC-margined contract on KuCoin Futures Lite:

For contracts in the USDT-margined market, they are settled in USDT and for contracts in BTC-margined market, they are settled in BTC.

Layout Overview

Market: You can check the information of current contracts in the market, including the latest market price, markets movement and trends via the market graph.

Contract Data: You can check call/put ratio over the current market and use the profit calculator to predict your possible earnings over the trades. Moreover, the earning ranking and individual earning history are also available for you to check directly on the interface.

Trading Operation: You can carry out all trading operations and check the asset in the current market. KuCoin Futures Lite has also integrated the crypto purchase, funds transfer and order placement in the trading interface.

1、 Log In & Sign Up

1)Sign Up: If you do not have a KuCoin account, please click “Sign Up” for registration, mobile registration is recommended.

2)Log In: If you have already had a KuCoin account, you can log in directly to start the contract trading.

2、Enable Contract Trading

If you have already signed up on KuCoin Futures, then you can start the trading directly on the platform.

If you have not enabled contract trading, you can simply click “Enable Contract Trading” to enable the function.

3、Account Assets: Buy Crypto / Transfer

1)If you don’t have sufficient assets on KuCoin Futures Lite, you can click “Buy Crypto” to purchase tokens/coins via Fast Buy or Buy with Credit Card.

2)If your funds is on another platform, you may click "Transfer"->"Deposit" and transfer the coins to your KuCoin Futures Account to start your contract trading.

Please note that the deposit is only available for the settlement coin in the current market, if you need to deposit other coins, please shift the market first.

3)If you have already had settlement coins on KuCoin, click "Transfer" and transfer coins from your KuCoin-Main Account to KuCoin Futures account to start the contract trading.

Please note that the transfer is only available for the settlement coin in the current market, if you need to transfer other coins, please shift the market first.

4、Place Order

On KuCoin Futures Lite, you can call or put the contracts based on the practical market trends. When placing an order, you need to enter your trading amount and select the leverage you plan to apply.

The order amount will be settled in BTC or USDT.

The leverage is utilized to multiply your earnings. The higher the leverage is, the greater the earnings you will have and so does the losses you will have to bear. Please be prudent of your choices.

Bu/Long: if you think the price will rise in the future, when the price is higher than the entry price, you will gain profits.

Sell/Short: if you think the price will drop in the future, when the price is lower than the entry price, you will gain profits.

The estimated execution price is the latest market price, namely the estimated real-time price during your place of the order.

5、Holdings

If you have placed an order successfully, you can check the profit and loss and your position details in “Positions”. If you need to check other contracts you hold, please shift the contract.

Holding amount: The total contract value of your current positions (settlement coin as the unit). Currently, the “Holding Amount = Order Amount + Earnings” on KuCoin Futures Lite.

Earnings: The floating profit and loss of your current positions. If positive, you are long. If negative, you are short. The earning percentage refers to the Pnl/Order Amount ratio.

Entry Price: The average entry price of your holding contracts.

Liquidation Price: When the current contract price is lower than the liquidation price, your position will be liquidated, (that is, your contracts will be taken over by the liquidation system).

Stop Loss: If enabled, the system will close your position automatically to stop the loss when you lose a certain percentage of your order amount (50% by default). You are recommended to enable the "Stop Loss” feature to avoid your full loss of the contracts due to large price swings in the market.

6、Sell

If you want to sell the contracts, click “Sell/Short” and confirm the operation to proceed. When the order is executed, the order placing will again become available. You can click “My Earnings” to check your earning history.

7、Liquidation

If the “Stop Loss” feature is not enabled, when your position is triggered due to large price swings in the market, your orders will be liquidated automatically by the system and you will receive a notification as follows: